Succeeding Through Networks

partner

Saragosta has developed a sales relationship model called the Saragosta Virtual Sales Network (Saragosta VSN) that gives us the possible to recognize a unique business opportunity or customer relationship by companies or business professionals and work together to achieve the business and share the success between Saragosta and its partners.

Do you have a unique business opportunity or client relationship, then contact us for a dialogue on how we can leverage our common strenghts to build and execute a strong value proposition for our customers for our common benefits.

Call us or send an email on saragosta@saragosta.com  to pursue common opportunities. 

money

Operational risk management....the difference between risk management and compliance

There seems to be a good deal of confusion about the role of the compliance function vs. the role of the risk management function. In many organisations risk management has been subsumed into the audit organisation. Has audit become risk management and if not, what's the difference between the audit/assurance/regulatory/compliance function and risk management

Operational Risk Management

basel

Operational Risk Management is an emerging area in risk management. The goal is to control and to mitigate operational risks when there is economic reason to do so.

Unlike Credit Risk and Market Risk, Operational Risk has no agreed upon universal definition. Many banks define operational risk as any risk that is not Credit or Market risk. The Basle Committee defines operational risk as risk of financial losses related to breakdowns in internal control and corporate governance. Such breakdown can be the result of human error, technical error or major events such as fires or other disasters.